‘Is China losing it?’ asks The Economist magazine

‘Is China losing it?’ asks The Economist magazine   In a useful assessment of the stock market and currency turmoil in China – changes that have the potential to seriously impact other parts of the world – The Economist’s Simon Baptist says the dramatic changes are part of a major transition in an economy edging closer to becoming the largest in the world. In a press release on 13 August from The Economist Intelligence Unit, Chief Economist Baptist urges pundits to keep calm. “China shocked markets this week by allowing a substantial devaluation of the renminbi's central parity rate against the US dollar. Following hot on the heels of the stock market turmoil that also spurred surprise intervention, it would be reasonable to wonder if China's go...
Please or to Read More Entire Article

Related Tags

Related Article

Article by Same Author

In case you come across any suspicious activity, any suspicious movement or have any information to tell to the Anti-Terror Squad, please take a note of the new ALL INDIA TOLL-FREE Terror Help-line '1090'. Your city's Police or Anti-Terror squad will take action as quickly as possible. Remember that this single number 1090 is valid all over india. This is a toll free number and can be dialled from mobile phones also. Moreover, the identity of the caller will be kept a secret.

Please try to make aware each and every citizen of india about this facility.

Helpline 1090